Yahoo Finance's Pras Subramanian joins Julie Hyman and Adam Shapiro to talk about why Musk says Tesla isn't dealing with a demand problem.
At Tesla's annual shareholders meeting on Tuesday, Elon Musk announced that the company has some new products in the works including a vehicle with a 400-mile range, the first Tesla-branded electric pickup truck, and maybe even an electric submarine auto.
Among other things, Musk has tangled with stock market regulators about a tweet dangling a buyout of Tesla that never materialized, and broken a pledge to make Tesla consistently profitable.
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But the shareholders who spoke Tuesday left little doubt that they believe Musk is a misunderstood visionary. "There is absolutely not", Musk said.
Tesla has said it expects to deliver 90,000 to 100,000 cars in the second quarter, after doing just 63,000 in the first. Without going into specifics, Musk promised to do more to "debunk the myths" about Tesla, perhaps by setting up a website devoted to correcting inaccuracies. He also said Tesla has a "decent shot at a record quarter" in terms of sales and production.
Musk said it was on course to deliver a targeted 360,000 to 400,000 vehicles in 2019.
The company hopes to unveil the Tesla pickup truck this summer and hopes to get the Tesla Semi into production by the end of next year.
According to Musk, the Model 3 and Model Y will stop using animal-sourced products like leather by next year; right now, both models come standard with leather-covered steering wheels, as it's typically more durable than synthetic fabrics.